In Switzerland, mothers are far more likely to have paid work than they were 30 years ago. In 2021, 82% had paid employment compared to 60% in 1991. Over this period, Switzerland has moved from one of the lowest European rates of working mums to one of the highest. However, a sizeable employment gap remains […]
Alain Berset, Switzerland’s president resigns
On 21 June 2023, Alain Berset, Switzerland’s president and health minister officially resigned, reported SRF. He will finish at the end of 2023. The Socialist Party politician from the canton of Fribourg has been a Federal Councillor (minister) since 2012. He succeeded Micheline Calmy-Rey on 1 January 2012 and took up his current role after […]
Swiss electricity prices to rise further in 2024
This week, VSE, an electricity association, said pricey electricity markets will likely lead to even higher Swiss electricity prices in 2024. Prices rose on average by 27% (+6 cents/kWh) in Switzerland in 2023. In 2024 VSE expects them to rise by a further 12% (+3 cents/kWh). This would bring the average price to almost 30 […]
Switzerland’s enormous Covid cost revealed
On 21 June 2023, the government published figures on the direct health costs of the Covid pandemic. During 2020, 2021 and 2022, the federal government spent CHF 4.9 billion, the cantons up to CHF 2.9 billion and health insurers as much as CHF 1.4 billion. The CHF 9.2 billion total comes out at more than […]
Brienz rock slide – residents allowed back into village from Monday
The Swiss village of Brienz and the mountainside above it have been slowly sliding into the valley probably since the ice age. More recently the slope above the village started to move rapidly. On 9 May 2023, village residents were told they must evacuate by 6pm on 12 May 2023. Then during the night of […]
Swiss municipalities with most private swimming pools
This week RTS published a map showing which Swiss municipalities have the highest numbers of private swimming pools. Swimming pool champions are clustered mainly in Italian- and French-speaking Switzerland. Three of the top ten municipalities are in Ticino, five in Geneva and two in Vaud. Only the commune of Binningen in Basel Landschaft in German-speaking […]
Swiss central bank puts interest rate up this week
In November 2019 before the pandemic hit Switzerland, Thomas Jordan, the head of Switzerland’s central bank was warning that the bank might need to take interest rates below the unusually low -0.75% rate that prevailed at the time. Since then the rate has risen by 2.5% after a 0.25 percentage point rise announced on 22 […]
Swiss building costs continue sharp rise
Between October 2020 and April 2023, Swiss building construction costs rose by 13.9%. On an annualised basis the cost of building has been rising at a rate of 4.3% over this period, a rate higher than general inflation – the consumer price index rose 2.6% over the year to the end of April 2023. Building […]
Geneva votes against higher 10-year wealth tax hike
On 18 June 2023, citizens of Geneva voted on whether to boost the rate of wealth tax applied to assets above CHF 3 million over the next decade – an extra CHF 44 to 49 per 1,000 would be levied on wealth above CHF 3 million for 10 years. 55.12% of voters rejected the idea. […]
Swiss vote results on company tax, climate and Covid-19 laws
On 18 June 2023, Swiss voters voted on three federal initiatives on whether to tax large companies at minimum rate of 15%, adopt a package of incentives to reduce emissions and extend Covid-19 laws until mid 2024. Voting this weekend saw all three initiatives accepted. Majorities were in favour of higher (in most cantons) company taxes (78.45%), […]
